Q:
The bankers discount and true discount on a sum of money due 8 months hence are Rs.120 & Rs.110 resp. Find the sum.
Answer & Explanation
Answer: B) 1320
Explanation: Sum = (B.D * T.D) / (B.D) -(T.D)
= (120 * 110) / (120 -110)
= 1320
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